Not that I pay much attention to most of the analysts on CNBC, but I would like to make a comment about them.
Besides the some technical analysts who are expressing concerns the majority of the analysts are saying that the market is moving higher. Some, frankly most, do not use terms like may or could or should, but prefer to say WILL move UP!!
I have a problem with analysts, and that is if an analyst is unable to get people out of stocks before a 40%-50% decline, I strongly feel they are worthless. Of course they cover themselves with the "LONG-TERM" excuse.
This escape from embarassment but saying "LONG-TERM" is a bunch of horse manure, if they cant get clients out before a 40%-50% decline. Some stocks are down 70%-90%, and some of these great analysts continue to be bullish. Eventually they will be right, and right now many stocks are very low and at bargin prices and if one has a long-term view, this could be the time to buy. But keep in mind these analysts should have first been able to get people out before such huge declines and then use the LONG-TERM strategy, not ride the stock down 40%-90% and using the LONG-TERM excuse to keep the people in.
I dont want to get into conspiracy theorys or more complicated issues, just trying to keep it simple and that a analyst should be able to get people out of stocks before the stock drops 40%+.
For the time being, why are so many of these analysts on TV still bullish, in light of whats occuring. They are still using terms like " the market WILL move up", and seldom do I hear caution. There are some calling caution but the majority are not.
Dont get it confused with how some on the SI threads are talking, Im specifically talking about some/most of the analysts on TV.
Some will say that they also dont pay attention to them, but believe me that the average investors do listen to them. When I speak to some of J6P, many of them attempt to argue with me by saying that "this analysts says the market will move up", so J6P does listen.
Frankly, I think analysts should be more responsible for their recommendations. |
